The average return for large-cap domestic stock funds over the three years 2009–2011 was 14.4%. Assume the three-year returns were normally distributed across funds with a standard deviation of 4.4%. (a) What is the probability an individual large-cap domestic stock fund had a three-year return of at least 19%? (Round your answer to four decimal places.) .1469 - I got that! (b) What is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less? (Round your answer to four decimal places.) .1587 - I got that! HELP WITH C (c) How big does the return have to be to put a domestic stock fund in the top 15% for the three-year period? (Round your answer to two decimal places.) How do you find Z? Please break that part down.
The average return for large-cap domestic stock funds over the three years 2009–2011 was 14.4%. Assume the three-year returns were
(a) What is the probability an individual large-cap domestic stock fund had a three-year return of at least 19%? (Round your answer to four decimal places.) .1469 - I got that!
(b) What is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less? (Round your answer to four decimal places.) .1587 - I got that!
HELP WITH C
(c) How big does the return have to be to put a domestic stock fund in the top 15% for the three-year period? (Round your answer to two decimal places.)
How do you find Z? Please break that part down.
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